Page 5 - 15th Finance Commission

Advisory Council of 15th Finance Commission to meet on Thursday

The meeting will be chaired by chairman of the Commission, N K Singh, and will be attended by its members including A N Jha, Ashok Lahiri, Ramesh Chand, Anoop Singh and Arvind Mehta.

15th Finance Commission to recommend grants for statistics in second report

Experts say MoSPI can take up leadership role but states will have to do actual work

Govt has no plans to give permanent status to finance commission: Thakur

The term of the commission was originally set to end in October 2019, but was extended by one month to November 30

Statsguru: Temporary act in the 15th Finance Commission's report

States such as Bihar, Maharashtra, and erstwhile state of Jammu & Kashmir stand to gain, compared with the current year's share, while Karnataka, Telangana, and Kerala stand to lose

Can't treat J&K on a par with states: 15th Finance Commission chairman

The Jammu and Kashmir Reorganisation Act, 2019 says that UT of J&K should get grants from the divisible pool.

Gender budgeting takes a giant leap in India with 15th FC's report

Finance Commission's decision to incorporate "demographic performance" in fiscal transfers is laudable

Best of BS Opinion: Finance Commission report, farm spending, and more

Business Standard Opinion pieces for the day talk about the Budget, Finance Commission and other policy issues

15th Finance Commission to set up panel to examine fiscal, debt situation

The panel may include or seek inputs from former RBI Governor Urjit Patel, former chief economic advisor Arvind Subramanian, Sajjid Chinoy of the PM-EAC, Rathin Roy, among others

Stay the course

FC's final report should mirror the interim award

15th FC's disaster risk index to address deficiency in state-level funding

The DRI has been developed through a quantitative exercise assigning scores to the probability of hazards and the extent of vulnerability of a state

Budget 2020: States' share in central tax pool seen at 50-year low

The states' revenue from the central tax pool was up 25.8 per cent YoY in FY19, while it was down 0.4 per cent YoY in FY18

15th Finance Commission report: Devolution for FY20-21 cut marginally

Nirmala Sitharaman said that the Centre had decided to "substantially" accept the recommendations of the 15th FC but did not indicate which recommendations it has accepted

Fiscal rectitude or spending push? Budget attempts both, but half-heartedly

If more expenditure in the rural economy is the need of the hour to revive demand, it is debatable if such tax giveaways could have waited till GDP growth picks up a little

Budget 2020: 15th Finance Commission calls for new legal fiscal framework

Expert panel may be set up to define responsibilities of key stakeholders and standards to be followed at all levels of government

15th FC report: Grant to local bodies, transparent reporting on debt, more

Here are the key points

Budget 2020: 15th Finance Commission report pulls no punches on key issues

The 15th FC forecast nominal gross domestic product (GDP) growth for 2020-21 at 11%, but said the projection came with a "downward bias".

Budget 2020: 15th Finance Commission revives performance-linked incentives

To reward states for lower total fertility rate and better tax collection

Budget 2020: How will Sitharaman pull off Rs 2.1-trn disinvestment miracle?

The government has promised to raise Rs 120,000 crore via disinvestment, and an additional Rs 90,000 crore from sale of government equity in public-sector banks and financial institutions, in 2020-21

Finance Commission: 41% of taxes go to States; 1% for J&K, Ladakh in FY21

The 15th Finance Commission on Saturday recommended 41 per cent share in the divisible pool of taxes for states and 1 per cent for the newly created Union territories of Jammu & Kashmir and Ladakh for the financial year 2020-21, thus retaining the devolution formula of the earlier Commission. The 14th Commission had recommended the share of states at 42 per cent in the divisible pool of taxes. In her Budget Speech, Finance Minister Nirmala Sitharaman said the commission has given its first report pertaining to 2020-21. "In the spirit of co-operative federalism, I am pleased to announce that we have, in substantial measure, accepted the recommendations of the commission," she said. The commission would submit its final report to the President during the latter part of the year, for five years beginning 2021-22. The first report said that for 2020-21, the commission is inclined to leave the vertical split of divisible pool at the same level as recommended by the 14th ...

Potentially disruptive north-south divide

For national harmony, allocation of revenues and parliamentary seats to states should continue to be based on the 1971 census